Petroleum Geo-Services ASA : Board Approves IFRS Financial Statements for 2012

Tue Mar 19, 2013 8:16am EDT

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link below:

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130319:nHUGcZDy


March 19, 2013: London, United Kingdom. The Board of Directors of Petroleum Geo-Services ASA
('PGS' or the 'Company') has on March 19, 2013 approved the 2012 annual financial statements
prepared in accordance with International Financial Reporting Standards ("IFRS").

 

The Company reported its IFRS unaudited 4th quarter and preliminary full year 2012 results on
February 14, 2013. There were no changes to the consolidated statement of operations or the
statement of financial position compared to those presented in the February earnings release.

 

The Board of Directors proposes a dividend of NOK 1.65 per share for 2012, to be approved by the
Annual General Meeting.

 

The Company will submit an electronic version of the 2012 annual report to shareholders in April.

  

****

Petroleum Geo-Services is a focused marine geophysical company providing a broad range of seismic
and reservoir services, including acquisition, processing, interpretation, and field evaluation.
The company also possesses the world's most extensive multi-client data library. PGS operates on a
worldwide basis with headquarters at Lysaker, Norway.

For more information on Petroleum Geo-Services visit www.pgs.com http://www.pgs.com/ .

 FOR DETAILS, CONTACT:                          
 Bård Stenberg, Investor Relations Manager      
 Phone:   +47 67 51 43 16                       
 Mobile: +47 99 24 52 35                        
 
Tore Langballe, SVP Corporate Communications  
 Phone:   +47 67 51 43 75                       
 Mobile: +47 90 77 78 41                        


This information is subject of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.


---------------------------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Petroleum Geo-Services ASA via Thomson Reuters ONE


HUG#1686337